The final chapter has begun on the Nature’s Edge over 50s retirement resort in Buderim, with construction of the last 68 homes with prices starting at $559,000.
The developer Ingenia, which acquired the retirement village in March this year, expects the new residents to move in from April 2022.
The Nature’s Edge ‘land lease’ community is aimed at downsizers who have been flocking from the cities to coastal regions and offers a “no exit fee” model, plus no rates or stamp duty.
It’s forecast there will be 2500 new homes built under the ‘land lease’ model in Australia in 2021 compared to 3500 homes under the traditional retirement village model.
Ingenia Communities general manager residential Justin Blumfield said building more retirement living was vital as a larger number of Australians moved towards that age.
“We need to be investing in and creating communities that will accommodate and meet the lifestyle needs of an increasing demographic of older Australians,” Mr Blumfield said.
“We’re very excited to be expanding the Nature’s Edge community to welcome more residents on the Sunshine Coast, a region that has long been popular among downsizers.
“Where land lease living was once an alternative housing solution for downsizers, it’s very much becoming the mainstream as people look to maximise their lifestyle and social opportunities through their retirement.”
Plans for the final stage of land will also include a second clubhouse as an additional community hub.
The popularity of Nature’s Edge reflects reports that the largest number of Aussies — including downsizers — leaving capitals cities are heading to coastal regions like the Sunshine Coast.
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State MP Dan Purdie, the Member for Ninderry, said he was thrilled to see more residential opportunities coming to the region.
“I am so happy to be a part of a new land release on the Sunshine Coast when many are currently scrambling for housing,” Mr Purdie said.
“I welcome Ingenia’s expansion and the construction of homes that will also translate into jobs and a boost to the local economy.
“The lack of housing stock we are currently experiencing in the face of increased internal migration has placed increased pressure on the market across the board.
“There is no doubt that local and interstate buyers are realising the amazing lifestyle and amenity that is on offer here on the Coast.
“I am proud to work with my local community to open up opportunity and meet need.
“I have heard great things about Ingenia and their attention to detail and the high quality of housing and lifestyle options they provide. I look forward to the role they will play in supporting residents of Ninderry.”
Homes in the final stage at Ingenia Lifestyle Nature’s Edge are now selling.
